Interim report 1 January – 30 September 2024

Organic growth and stable margin while profitability improvement initiatives are progressing

		Continued organic growth and stable margin in the third quarter - a quarter that is normally somewhat weaker seasonally. The work on profitability improvements is progressing according to plan.
		Fredrik Dalborg, President and CEO

1 JULY– 30 SEPTEMBER 2024 (3 MONTHS)

• Net sales increased by 1% to SEK 2,344m (2,319). The organic growth, excluding exchange rate changes, was 3% and the acquired growth was 1%. 
• EBITA decreased by 9% to SEK 223m (244), corresponding to an EBITA-margin of 9.5% (10.5). Adjusted for revalued contingent considerations and restructuring costs, EBITA amounted to SEK 230m (227), corresponding to an EBITA-margin of 9.8% (9.8).
• Profit after tax amounted to SEK 25m (26).
• Earnings per share amounted to SEK 0.19 (0.20).
• Cash flow from operating activities amounted to SEK 137m (138).
• During the quarter an acquisition, BonsaiLab SLU, was completed. The acquisition is estimated to contribute with an annual net sale of approximately SEK 90m.

1 JANUARY – 30 SEPTEMBER 2024 (9 MONTHS)

• Net sales increased by 5% to SEK 7,468m (7,141). The organic growth, excluding exchange rate changes, was 5%. 
• EBITA decreased by 5% to SEK 813m (857), corresponding to an EBITA-margin of 10.9% (12.0). Adjusted for revalued contingent considerations and restructuring costs, EBITA amounted to SEK 819m (756). Excluding these, EBITA increased by 8% and the EBITA-margin amounted to 11.0% (10.6).
• Profit after tax amounted to SEK 160m (233).
• Earnings per share amounted to SEK 1.30 (1.90). Earnings per share for the last 12 months amounted to SEK 0.98 (2.40)
• Cash flow from operating activities amounted to SEK 429m (325).

• The equity ratio was 40% (39).
• Return on working capital (P/WC) amounted to 47% (50).